Top-Tier KYC (Know Your Customer)
Comprehensive due diligence procedures enable BitradeX to screen, identify, and verify all customers before granting trading privileges.
Trust & Compliance
BitradeXCompliance First
BitradeX is a licensed and regulated cryptocurrency exchange dedicated to serving customers with integrity and strictly adhering to the laws and regulations of the regions and jurisdictions in which we operate.
Customer First
As a registered Money Services Business (MSB), BitradeX actively maintains strict Anti-Money Laundering (AML) policies and controls to meet the compliance requirements of the Bank Secrecy Act (BSA). Our world-class compliance program monitors, detects, and prevents fraudulent activities through rigorous procedures, providing customers with a safe onboarding experience.
Transaction Monitoring & Testing
Continuous monitoring of transaction data and activities using a risk-based approach to detect and prevent illicit and fraudulent activities on our platform.
Strong Governance & Accountability
As a US-based business entity, ensuring our full compliance with all applicable laws and regulations is a key factor in every decision we make, from internal senior leadership, compliance and risk teams to the independent board of directors.
Top-Tier KYC
Comprehensive due diligence procedures enable BitradeX to screen, identify, and verify all customers before granting trading privileges.
Know Your Customer (KYC) Controls
BitradeX maintains KYC screening controls comparable to the country's leading financial institutions. As part of the Customer Identification Program (CIP), we conduct enhanced due diligence on customers based on risk rating methodology and review.
US Sanctions Screening
BitradeX complies with all US sanctions laws, utilizing end-to-end technology and analytics to screen KYC data against global and local sanctions watch lists, and conducting adverse media and Politically Exposed Persons (PEP) screening.
Know Your Business (KYB) Controls
Business verification is an important part of our institutional onboarding process. Our KYB controls ensure that all institutional clients and individuals doing business with BitradeX are thoroughly screened to protect our customers and prevent fraud.
Transaction Monitoring & Testing
Continuous monitoring of transaction data and activities using a risk-based approach to detect and prevent illicit and fraudulent activities on our platform.
Transaction Monitoring System
To provide additional protection, real-time monitoring is executed throughout the lifecycle of the customer account. BitradeX utilizes industry-leading transaction and blockchain monitoring solutions to effectively manage transaction and user risks.
Anti-Money Laundering (AML) Tools
BitradeX integrates leading AML technology solutions to detect and prevent suspicious activities. By deploying both manual and artificial intelligence, our dual approach helps ensure the highest level of AML compliance.
Combating Financial Crime
Our Financial Intelligence Unit (FIU) partners with top-tier blockchain analytics firms to detect fraud and illicit activities. Additionally, we collaborate with local law enforcement and government agencies to investigate cryptocurrency-related activities and potential crimes.
Strong Governance & Accountability
As a US-based business entity, ensuring our full compliance with all applicable laws and regulations is a key factor in every decision we make, from internal senior leadership, compliance and risk teams to the independent board of directors.
Comprehensive Audit & Review
Our BSA/AML program undergoes formal periodic reviews by banking partners, US state regulators and examiners, as well as independent certified auditors. Additionally, we perform internal risk and quality assurance assessments by function, and conduct ongoing quality control reviews of key processes.
Compliance First
Our Board of Directors is committed to maintaining a strong compliance program and posture. Our BSA/AML corporate policies and key BSA/AML roles are subject to Board approval, and directors are regularly briefed on compliance program initiatives and activities.
Actively Involved Senior Leadership Team
BitradeX's senior leadership team actively participates in our BSA/AML Risk Committee, which meets monthly. The Risk Committee reviews and approves certain internal policies, advises on process and organizational impacts, and handles matters requiring escalation and management oversight.
Training & Awareness
To ensure organizational compliance, every BitradeX employee must adhere to strict compliance and ethical standards.
BSA/AML Compliance Training
Employees must take and complete BSA/AML and sanctions compliance training as new hires during the onboarding process, and annually thereafter. Compliance departments and specific support functions (such as onboarding operations) are also required to complete role-based training.
Employee Ethics & Integrity
To uphold the highest standards of global compliance, all BitradeX employees must adhere to BitradeX's Code of Business Conduct and Ethics, Insider Trading Policy, and Anti-Corruption Policy.
Whistleblower Policy
BitradeX encourages and expects employees to report activities that violate any national, federal, state, or local laws. A confidential channel managed by an independent company allows employees to raise questions, concerns, and suggestions without fear of retaliation.
World-Class Partnerships & Technology
Our comprehensive BSA/AML compliance program leverages world-class technology across multiple domains to maintain a secure end-to-end customer experience.
Know Your Customer (KYC)
Sanctions, PEP, and Adverse Media
Transaction Monitoring & Case Management
Blockchain Monitoring
Travel Rule Alliance
Transaction & Fraud Monitoring
Compliance Posture Assessment
Commitments and statements from the heads of Legal, Compliance, and Anti-Money Laundering.
"BitradeX is committed to maintaining a first-class compliance program designed to detect, prevent, and deter any and all financial crimes. This program is essential to protecting our customers, the firm, and the broader US and global financial systems."
Integrity, transparency, and ethical conduct are not only the cornerstones of our BSA compliance program but also the standards that every BitradeX employee must uphold. We are collectively and individually committed to continuous improvement to detect and respond to emerging and evolving threats.
We strive to create a secure environment to safeguard our customers' interests and maintain a safe trading platform. We recognize that it is crucial for customers to easily and confidently participate in the crypto economy.
